£698,001
This estimated value is based upon the latest sale price for the house of £547,500 on 27 Jul 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Melville Place
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70 Essex Road, London, N1 8LT
Phone: 02080338978
| Price Paid | Date |
|---|---|
| £547,500 | 27 Jul 2017 |
| £347,500 | 17 Mar 2008 |
| £280,000 | 28 Nov 2003 |
| £149,500 | 3 Jun 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 61 sq meters or 656 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in July 2017 the House Price Index for GREATER LONDON was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £547,500 results in an estimated price of approximately £698,001.
| 27 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.6 | 27.489 % | £547,500 | £150,501 | £698,001 |
The Postcode Pricing Model uses changes in average sales price within the N1 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 23.876 % | £130,719 | £678,219 |
| 3 Month Average | 3.668 % | £20,083 | £567,583 |
| 6 Month Average | 11.494 % | £62,932 | £610,432 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Feb 2023 | £349,765 | £350,000 | WESTMINSTER COURT, 48 MELVILLE PLACE |
| 7 Nov 2022 | £805,246 | £815,000 | ALBERT COURT, 24 MELVILLE PLACE |
| 13 May 2022 | £611,523 | £600,000 | ALBERT COURT, 21 MELVILLE PLACE |
| 14 Jan 2022 | £403,072 | £383,000 | RICHMOND COURT, 54 MELVILLE PLACE |
| 12 Nov 2021 | £443,421 | £410,000 | WESTMINSTER COURT, 52 MELVILLE PLACE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 28 Mar 2014. Using an estimated price of £698,002 means this house is valued at £11,442 per sq meter (£1,063 per sq foot).
The average size of a house on MELVILLE PLACE is 66 sq meters (719 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Melville Place |
| Mar 2024 | Theft from the person | Under investigation | On or near Melville Place |
| Mar 2024 | Burglary | Under investigation | On or near Melville Place |
| Mar 2024 | Other theft | Under investigation | On or near Melville Place |
| Feb 2024 | Shoplifting | Under investigation | On or near Melville Place |